LCD Market to Rebound in Late 2005

According to market research firm DisplaySearch, the recovery of the worldwide LCD market from its series of price cuts and oversupply may come in late 2005. Ross Young, President of the research firm said at an industrial conference in Seoul earlier this month that "currently, profitability of the LCD industry is shrinking. The pace of decline in LCD prices is expected to slow after 4Q this year." He also said that the average LCD selling price would be reduced by as much as 5 percent in the second half of next year since makers continue to ramp up capacities.